NCT Alliance Bhd (0056) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NCT Alliance Bhd stock MYR 0.21, price MYR 0.56, that is 61.7% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 0.3100 MYR – 0.6500 MYR · fair‑value band 0.2125 MYR – 0.4590 MYR · the 0.5550 MYR price screens above the 0.2125 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow NCT Alliance Bhd in your weekly email
Every Wednesday you see whether NCT Alliance Bhd is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
NCT Alliance Berhad, an investment holding company, engages in the property development business in Malaysia. The company develops residential and commercial properties. It also operates as a general and renovation works contractor, as well as offers provision of project management activities.
Show moreShow less
The company was formerly known as Grand-Flo Berhad and changed its name to NCT Alliance Berhad in July 2021. NCT Alliance Berhad was founded in 1985 and is headquartered in Puchong, Malaysia. NCT Alliance Berhad operates as a subsidiary of YBG Yap Consolidated Sdn. Bhd.
Stock analysis
NCT Alliance Bhd (0056) currently trades at 0.5550 MYR, while our model-based Fair Value estimate is 0.2125 MYR, 62% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.7200 MYR per share, and 3 of the 15 models we run sit above the 0.5550 MYR price.
Bear case: the Asset-Based group reads lowest at 0.1300 MYR, and 12 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.2125 MYR (bear) to 0.4590 MYR (bull), the price of 0.5550 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
NCT Alliance Bhd reported revenue of 476M MYR in FY2025 versus 210M MYR in FY2021, a compound +22.7%/yr. Reported net income was 49.6M MYR in FY2025, compounding +10.1%/yr from FY2021.
Key figures
Market cap 1.7B MYR (≈ $415M) Small · P/E ratio 27.8 · P/S ratio 3.07 · EPS (TTM) 0.0200 MYR · Net margin 13.6% · Return on equity 5.7% · Return on assets (EBIT) 6.6% (5-year average) · Operating margin 39.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −62%, 0056 screens richer than that median.
Fair Value models
Bear0.2125 MYRFair Value 0.2125 MYRBull0.4590 MYR
Price 0.5550 MYR · Downside -61.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0172 MYR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income0.2500 MYR0.2500 MYR0.2700 MYR71
Owner Earnings0.0900 MYR0.2500 MYR0.5400 MYR70
EPVn/a0.0100 MYR0.0200 MYR68
All 15 models by family
DCF Models
Owner Earnings0.0900 MYR0.2500 MYR0.5400 MYR70
Earnings-Based
Graham-Dodd0.1600 MYR1.09 MYR1.53 MYR63
Lynch FV0.3200 MYR0.4600 MYR0.6000 MYR61
PEG = 1.00.3200 MYR0.4600 MYR0.6000 MYR57
EPVn/a0.0100 MYR0.0200 MYR68
Multiples
P/E Multiple0.4900 MYR0.6600 MYR0.8200 MYR63
P/S Multiple0.3000 MYR0.4000 MYR0.5000 MYR58
P/B Multiple0.3000 MYR0.4000 MYR0.5000 MYR55
EV/EBIT0.3400 MYR0.5000 MYR0.6500 MYR65
EV/EBITDA0.2300 MYR0.3500 MYR0.4700 MYR66
EV/Revenue0.1100 MYR0.2100 MYR0.3100 MYR52
Asset-Based
NCAV (Graham)0.0900 MYR0.1300 MYR0.1600 MYR55
Economic Profit
Residual Income0.2500 MYR0.2500 MYR0.2700 MYR71
ROIC Compoundern/a0.0100 MYR0.0200 MYR68
Growth Earnings
Growth-Adj P/E0.5100 MYR0.7200 MYR0.9400 MYR67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+83.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+44.0%
Start year 2020 (pandemic). Over 10 years: +14.7% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.5% vs 2.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 479 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−61.7% · Bottom 25%
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets2.8% · Below median
Net margin (12 months)13.6% · Top 25%
Operating margin (12 months)39.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−56.9% · Bottom 25%
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)27.8× · Pricier than median
P/B2.27× · Pricier than median
P/S (12 months)4.61× · Priciest 25%
EV/EBITDA19.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)0· sector 31
PAST (return on equity)23· sector 36
HEALTH (low debt)83· sector 98
DIVIDEND (yield)0· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NCT Alliance Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0056
Frequently asked questions
Is NCT Alliance Bhd (0056) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 0.2125 MYR versus a price of 0.5550 MYR, about 62% lower (overvalued).
What is the fair value of 0056?
Our model-based fair value for NCT Alliance Bhd is 0.2125 MYR (as of Nov 6, 2026), built from audited fundamentals. The current price: 0.5550 MYR.
What is the quality score of 0056?
NCT Alliance Bhd has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NCT Alliance Bhd (0056)?
Our model-based price target is the fair value of 0.2125 MYR (as of Nov 6, 2026) from 15 valuation models. Cautious scenario 0.2125 MYR, optimistic scenario 0.4590 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the NCT Alliance Bhd stock forecast for 2026?
Our models put fair value at 0.2125 MYR, about 62% lower versus a price of 0.5550 MYR (overvalued). Cautious scenario 0.2125 MYR, optimistic scenario 0.4590 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of NCT Alliance Bhd (0056)?
NCT Alliance Bhd reported trailing-twelve-month revenue of about 365M MYR (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of NCT Alliance Bhd (0056)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NCT Alliance Bhd it is 0.2125 MYR per share (as of Nov 6, 2026), against a price of 0.5550 MYR. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is NCT Alliance Bhd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 0056 trades above its calculated fair value: price 0.5550 MYR, fair value 0.2125 MYR, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0056?
No. The price is what the market pays today (0.5550 MYR); the fair value is what the company's own numbers justify (0.2125 MYR). For NCT Alliance Bhd the two are 0.3425 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is NCT Alliance Bhd worth?
The market values NCT Alliance Bhd at about 1.7B MYR (market capitalisation, as of Nov 6, 2026). Per share that is 0.5550 MYR; our models calculate a fair value of 0.2125 MYR per share.
What do the bullish and bearish scenarios say about 0056?
Our models span a range for NCT Alliance Bhd: cautious scenario 0.2125 MYR, base 0.2125 MYR, optimistic 0.4590 MYR per share (as of Nov 6, 2026, price 0.5550 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0056?
NCT Alliance Bhd trades at a price-to-earnings ratio of 27.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2125 MYR is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 18.9. Other multiples: P/B 2.3, P/S 4.6, EV/EBITDA 19.1.
How solid is the balance sheet of NCT Alliance Bhd (0056)?
Balance-sheet figures for NCT Alliance Bhd (as of Nov 6, 2026): return on equity 5.7%, debt of 0.34 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 0056 from its 52-week high?
NCT Alliance Bhd trades at 0.5550 MYR, about 13% below its 52-week high of 0.6400 MYR and 3% above the low of 0.5400 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2125 MYR is for.
Which stocks are comparable to NCT Alliance Bhd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NCT Alliance Bhd stock attractive at the current price?
The data as of Nov 6, 2026: price 0.5550 MYR, calculated fair value 0.2125 MYR (−62%), Quality Score 29/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0056 calculated?
We run NCT Alliance Bhd through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.2125 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. NCT Alliance Bhd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NCT Alliance Bhd (0056)?
The closing price on Nov 6, 2026 was 0.5550 MYR. Our model-based fair value is 0.2125 MYR, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NCT Alliance Bhd right now?
The price sits above even our optimistic bull case (0.4590 MYR). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.2125 MYR to 0.4590 MYR) leaves room in how you read the outcome.
Where does the earnings growth of NCT Alliance Bhd (0056) come from?
Earnings per share at NCT Alliance Bhd grew +1.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.6 %, EBIT margin +1.5 %, tax rate −2.3 %, residual (interest, one-offs) +4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NCT Alliance Bhd
How large is the market capitalisation of NCT Alliance Bhd (0056)?
The market capitalisation of NCT Alliance Bhd is 1.7B MYR (≈ $415M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NCT Alliance Bhd (0056)?
The price-to-sales ratio of NCT Alliance Bhd is 3.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NCT Alliance Bhd (0056)?
Earnings per share at NCT Alliance Bhd are 0.0200 MYR (price ÷ EPS = P/E 27.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NCT Alliance Bhd (0056)?
The net margin of NCT Alliance Bhd is 13.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NCT Alliance Bhd (0056)?
The return on equity (ROE) of NCT Alliance Bhd is 5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NCT Alliance Bhd (0056)?
On an EBIT basis the return on assets of NCT Alliance Bhd is 6.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NCT Alliance Bhd (0056)?
The operating margin of NCT Alliance Bhd is 39.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NCT Alliance Bhd (0056)?
Revenue at NCT Alliance Bhd is growing −56.9% versus a year earlier (3y avg +25.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NCT Alliance Bhd (0056)?
Earnings per share at NCT Alliance Bhd are growing −48.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NCT Alliance Bhd (0056) generate?
The free cash flow of NCT Alliance Bhd is −15.3M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NCT Alliance Bhd (0056) carry?
The net debt of NCT Alliance Bhd is 276M MYR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch NCT Alliance Bhd in the live analysis
One click puts NCT Alliance Bhd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 6, 2026